DEBT / LOAN CLOSURE
If you possess the financial capacity, debt closure or loan closure can be a viable option. Negotiate with the bank to pay the full amount or a significant portion in affordable installments. This recommended option is suitable for those with the ability to meet negotiated terms, providing a path towards financial liberation.
If you possess the financial capacity, debt closure or loan closure can be a viable option. Negotiate with the bank to pay the full amount or a significant portion in affordable installments. This recommended option is suitable for those with the ability to meet negotiated terms, providing a path towards financial liberation. Struggling to Repay Your Loan? Need More Time? Discover Debt Closure Solutions with Loan-clear.com Are you finding it challenging to meet your loan EMIs on time? At Loan-Clear.com, we understand that financial circumstances can change, and sometimes, you need more time to repay your loans. That's where our debt closure services come in.

PROCESS OF DEBT/LOAN CLOSURE

  • Initial Consultation
  • Legal Assessment
  • Communication with Recovery Agents
  • Escalation to Bank and Ombudsman
PROCESS OF DEBT / LOAN CLOSURE
Consultation
And Assessment
Customized Debt
Closure Plan
Negotiation
With Lenders
Documentation
And Agreement
Financial Management
Support
Closure And Credit Score
Improvement
What is Debt Closure and How is it Different from Loan Settlement?
Debt Closure Explained: Debt closure, often confused with loan settlement, is a viable option for those who can pay the full amount or a negotiated percentage, typically around 80%, in manageable installments.

Loan Settlement Distinction: Loan settlement involves negotiating with the lender to pay an amount less than the outstanding loan. While loan closure requires fulfilling all monthly installments, settlement allows for a reduced amount, often significantly lower than the outstanding balance.
When is Debt Closure Possible?
Debt closure is achievable if you have the financial capacity to set aside a lump sum for monthly installments. The bank assesses your repayment ability to ensure you can consistently allocate a specific amount each month. If full repayment or the negotiated amount is not feasible, debt settlement may be a more suitable option.
Impact of Debt Closure on Credit Score
Closing your debt in full, whether through complete payment or an agreed-upon lower amount, positively influences your credit score. This responsible financial behavior makes banks more willing to lend to you in the future. Importantly, debt closure, unlike some alternatives, does not negatively impact your credit score.
Why Choose loan-clear.com for Debt Closure Assistance?
Negotiating directly with the bank can be challenging, especially when dealing with missed payments and persistent recovery efforts. Loan-clear.com offers a helping hand with:

Expert Negotiation: Our legal and financial team negotiates with the bank on your behalf.

Protection from Harassment: Shielding you from any illegal harassment during the debt closure process.
READY TO ASSIST
At Loan-Clear.com, we believe in providing practical solutions for individuals facing financial challenges. Our debt closure services are designed to offer relief without ompromising your credit score. Let us guide you through the process, ensuring a smoother journey to financial freedom. Contact us today to explore how we can assist you on your path to debt closure. Your financial well-being is our priority.

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*FINNRUSH FINANCIAL SERVICES PRIVATE LIMITED is debt relief initiatives are tailored to alleviate and eliminate debt burdens. Not every debt qualifies for enrollment in our debt relief programs, and eligibility criteria may differ depending on the specific program. The eligibility guidelines vary for each program, and customers may qualify based on their individual circumstances. It's important to note that all claims are estimates, grounded in trends and program particulars. Loan Clear does not take over your debt, and we cannot guarantee a specific timeframe for resolution or a predetermined reduction in the amount or percentage of your debts. Prior to enrollment, we strongly advise carefully reading and comprehending the terms and conditions, as well as all program details.

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